based on complex data

Annuity Educator Rating

Annuity review

Income 150+ SE 7

The Income 150+ SE 7 annuity is a fantastic financial product designed for those planning for retirement or who are already retired. It's great because it offers a set income stream, meaning you can enjoy your golden years without worrying about finances.

Highlights from the product brochure include guaranteed income for life and potential income increases to help you keep pace with inflation. Simply put, this annuity is an investment in peace of mind and financial security for your future. I highly recommend it!

Income 150+ SE 7

Your Email

Compare this annuity with 800+ others from 100+ companies

Your State

Investment

Your Gender

Your Age

Retire At

No agent will call you

About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

7 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP

Launch Date

08/27/2018

Income 150+ is a single premium fixed index annuity designed with a guaranteed lifetime withdrawal benefit which provides income through guaranteed Lifetime Annual Payments that clients cannot outlive (assuming no excess withdrawals).

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	2.25% Fixed
1-Year MSCI EAFE PTP Cap	Point to Point Annual	3.25% Cap
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Biennial	85% Participation
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Annual	55% Participation
2-Year Franklin US PTP Participation Rate	Point to Point Biennial	85% Participation
1-Year Franklin US PTP Participation Rate	Point to Point Annual	55% Participation
2-Year PIMCO Balanced PTP Participation Rate	Point to Point Biennial	120% Participation
2-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Biennial	85% Participation
1-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Annual	55% Participation
1-Year BlackRock Diversa Volatility Control PTP Cap	Point to Point Annual	5.75% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	3.25% Cap
1-Year PIMCO Balanced PTP Participation Rate	Point to Point Annual	80% Participation
2-Year Franklin US PTP Spread	Point to Point Biennial	2% Spread
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	3% Performance triggered
1-Year Fixed Account	Fixed	2.5% Fixed
2-Year PIMCO Balanced PTP Participation Rate	Point to Point Biennial	130% Participation
2-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Biennial	95% Participation
1-Year JP Morgan Cross-Asset Strategy PTP Participation Rate	Point to Point Annual	65% Participation
2-Year Franklin US PTP Participation Rate	Point to Point Biennial	95% Participation
1-Year Franklin US PTP Participation Rate	Point to Point Annual	65% Participation
2-Year Franklin US PTP Spread	Point to Point Biennial	1% Spread
2-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Biennial	95% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	3.5% Cap
1-Year BlackRock Diversa Volatility Control PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	3.5% Cap
1-Year BlackRock Diversa Volatility Control PTP Cap	Point to Point Annual	6% Cap
1-Year PIMCO Balanced PTP Participation Rate	Point to Point Annual	90% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	3.25% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	8%	8%	7%	6%	5%	4%	3%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

Name	Inbuilt	Fee
Income 150+ Guaranteed Lifetime Income Benefit Plus	Yes	1.20% annually

Waivers

Bail-Out

The Contract Value may be withdrawn with no Withdrawal Charges or MVA if after the Initial Strategy Term expires the renewal rates/caps are set at rates below (above for spread-based strategies) the Bailout Rate (Withdrawal Charge Waiver Rate).

Nursing Home

At any time on or after the Issue Date of the policy, if you should become confined to an approved nursing facility for at least 90 consecutive days, withdrawal charges and MVA on any portion of the contract value withdrawn will be waived. The nursing home waiver does not include home health care.

Terminal Illness

If you have been diagnosed with a terminal illness after the first contract anniversary, withdrawal charges and MVA will be waived on any portion of the contract value withdrawn.

Premium Notes

Premium amount

$10,000 minimum premium
$1,000,000 maximum premium for ages 55-80 (as measured by total contribution per person for all annuities with the company)
$500,000 maximum premium for ages 81-85 (as measured by total contribution per person for all annuities with the company)

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

WithdrawalUp to 10% of the beginning-of-year contract value may be withdrawn annually without incurring a withdrawal charge. Withdrawal charges apply to amounts withdrawn in excess of the free withdrawal amount during the withdrawal charge period. Any Required Minimum Distribution (RMD) imposed by the IRS on this contract Withdrawals taken prior to beginning income benefits and those greater than the GLWB amount will reduce the Withdrawal Base and Lifetime Annual Payment amount. The reduction will be proportionate to the resulting reduction in the contract value, which may reduce the Withdrawal Base by more than the amount withdrawn. Market Value Adjustment (MVA)Market Value Adjustment refers to the potential fluctuation of the surrender value of the annuity in response to market conditions. Applies during the withdrawal charge period on withdrawals in excess of the free partial withdrawal amount. The MVA also applies to annuitization during the withdrawal charge period when a withdrawal charge would also apply. Guaranteed Lifetime Withdrawal Benefit GLWBThe GMSV is equal to the Premium Payment less withdrawal proceeds. If GLWB income activation has not occurred, the GMSV is used for determining the following after the withdrawal charge period when greater than the contract value: Death BenefitSurrender valueContract value for annuitization purposes Death Benefit Remaining contract value passes to beneficiaries at no additional charge.

Company Founded: 2004

Excellent Rated Company

Global Atlantic Financial Group

Company Ratings

4.5